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home / news releases / SOFIW - SoFi Technologies: Notes Offering A Big Positive Despite Selloff

SOFIW - SoFi Technologies: Notes Offering A Big Positive Despite Selloff

SoFi Technologies Inc. Warrant
  • SoFi Technologies announced that it is borrowing $1.1 billion via convertible notes.
  • Investors aggressively sold off the stock in a sign they didn't approve of the leverage and possible future dilution.
  • However, the offering is no surprise as SoFi needs to fund aggressive growth and meet liquidity requirements for its bank charter.
  • We view the offering as a critical step in the company's evolution and as an enormously positive development.

For further details see:

SoFi Technologies: Notes Offering A Big Positive Despite Selloff
Stock Information
Company Name: SoFi Technologies Inc. Warrant
Stock Symbol: SOFIW
Market: NASDAQ
Website: sofi.com
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